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Russia 1 min read Source: JustMedia

Sberbank cut interest rates on mortgages

Sberbank cut interest rates on mortgages
photo JustMedia

The website of the credit institution informs that the Savings Bank has reduced interest on loans for the purchase of new housing since June 1, since June 5 - on the remaining basic mortgage products, informs Rossiyskaya Gazeta.

It is specified that the decrease will be 0.20-0.75 p. In addition, the bank increases by 0.2 p. Discount for electronic registration of transactions through a bank for primary housing. Now it reaches 0.7 p. It is noted that now a mortgage for an apartment in a new building can now be taken in the Savings Bank under 10.70%. If the transaction is made through a bank, then the rate can be reduced to 10.0%.



As reported on the bank's website, starting from June 5, the base rates for "Acquisition of ready-made housing" will be 10.00-11.25%, and taking into account the Action for young families, it can be reduced to 9.50-10.75%. It is specified that these rates are relevant only for the regions of the promotion "Regional Promo" before the end of the year. In other regions, loans for ready-made housing are given at 11.00-12.00%, for young families - 10.50-11.50%.

Source: JustMedia
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